Oriental Launches 1K PU (Single-Component Polyurethane) Coatings for Henan

Orient Yuhong Construction Materials laid the foundation on 16 February for a 100kT/year single-component waterproof polyurethane coating project. According to the environmental impact report for the project, the company is a 100% subsidiary of Oriental Yuhong Waterproof Technology, listed on the Shenzhen Stock Exchange. A total of 9,600 m2 of land has been allocated for the facility at the company's site in Puyang Industrial Park. According to the report, Oriental Yuhong is investing CNY 101m (101 million Chinese yuan) (15 million US dollars) in the project. It is expected to be commissioned by March 2021. The company stated that the new facility should generate annual profits of CNY 166m (166 million Chinese yuan). Additionally, the report noted that the highly automated facility will require 20 personnel to be transferred from among the company's current 260 employees. Oriental Yuhong has several other projects in the pipeline or in partial operation, including products such as modified asphalt, waterproof membranes and joint sealants. The parent company also has two 100kT/year waterproof polyurethane coating projects. These are located in Tangshan, Hebei and Xuzhou, Jiangsu.